Time for a VIX blowout?
Updated
I've been accummulating my VIX puts at it's lows which have tested multiple times during this and last year, finding reaction at all time after consolidation.
You can see two potential paths based on previous reactions here.
The black trendline has been respected three times with the red one being tested 2/3x times as much.
You can also see the bullish divergence on the the daily most recently highlighted with a blue line on the RSI.
Stock markets are way overbought and I'm going long on VIX.
You can see two potential paths based on previous reactions here.
The black trendline has been respected three times with the red one being tested 2/3x times as much.
You can also see the bullish divergence on the the daily most recently highlighted with a blue line on the RSI.
Stock markets are way overbought and I'm going long on VIX.
Trade active
First target has been met and has moved very well so far, I'd expect a slight correction either today or tomorrow. It is nearing the trendline which the SPX has developed on Halloween -
Trade active
VIX has once again found some resistance at the black trendline which has been circled to highlight. I personally think this breaks today, or next week.
Trade closed: target reached
And that's a wrap. Reached the targeted red descending line earlier than expected, but target reached!Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.